Changes to extend the scope of the proposed aircraft leasing regime

Changes to extend the scope of the proposed aircraft...

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In the latest Hong Kong Legislative Council (LegCo) Bills Committee meeting, the Hong Kong Government proposed amendments to the aircraft leasing regime currently being considered by LegCo.

In response to submissions and concerns that the regime may be considered as a harmful tax practice by the OECD, it is proposed that the scope of the regime should be extended to cover operating leases to all airlines and not just ring fenced to airlines in countries that have tax treaties with Hong Kong.

The legislation is expected to be given a second reading on 21 June 2017.